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InterContinental Hotels Group adds 13 luxury, upscale hotels in UK

Thu 03 May 2018 10:40

InterContinental Hotels Group said Thursday it had entered into a conditional agreement with Fonciere des Regions to rebrand and operate 12 high quality open hotels and one pipeline hotel across the UK.

'This deal will establish IHG as the leading luxury hotel operator in the UK, taking it to more than 2k rooms in this valuable, fast growing segment,' the firm said.

The agreement would also enable IHG to launch its luxury boutique brand, Kimpton Hotels &amp; Restaurants in the UK.

'Bringing Kimpton to such an important market as the UK is a key part of our plans, as is the introduction of our new upscale brand, which will provide an exciting, differentiated offering to both guests and owners,' said Keith Barr, Chief Executive Officer, IHG.

At 10:40am: (LON:IHG) InterContinental Hotels Group PLC share price was +7p at 4634p

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